DÜRR AG : Feedback Analyst Day - Homag = no short-term fix, EBIT margin trajectory in PFS continues, 3/ Financial KPI's reiterated (incl. dividend for FY 2024)
>Homag - Not that much to add after recent profit warning = no short-term fix - Management still targets 10% adj. EBIT margin in a 'normal market environment', also fuelled by catch-up potential on the service side (target: +4pp to 25% of sales) with 60% gross margin, i.e. 1pp higher service share = 25-30bp higher adj. EBIT margin. Why has the company waited so long to provide clarity? In general, customers are more reluctant to place orders ahead of the LIGNA (trade ...Duerr is a mechanical and plant engineering group based in Germany. Co. operates through five divisions: Paint and Assembly Systems (production and paint finishing technology for automotive bodyshells and aircraft); Application Technology (products and systems for automated painting applications as well as sealing and glueing technology); Measuring and Process Systems (machines and systems for use in engine, drive construction and final assembly); Clean Technology Systems (plant and equipment for purifying exhaust gases produced by industrial processes and energy efficiency technologies for production processes); and Woodworking Machinery and Systems (machinery for the woodworking industry).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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